TSX:IBG.DB.E - Post by User
Post by
caillenon Nov 14, 2013 8:17pm
191 Views
Post# 21907876
Finally...
Finally...No need to sell it down to $1.00.
Other than the write downs everything is in order. They also show revenues to Setember 30th of $210M because of the write downs and they are projecting $327M for the year meaning $117M in the forth quarter because I guess they will claim additional revenues after the write downs. They also had $3M in human resource savings in the 3rd quarter. So...all in all...it's as expected except for the paper write downs. Certainly not going bankrupt and they have no cash problems particularly given their $20.2M in extra cash flow for the last two months because of their collections. Only question is why didn't they do that sooner. And remember that most of thier billings are government and they eventually always pay. New CEO is on track if you ask me. I have to say that I now agree with their direction.